Bookbuilding IPO | ₹[.] Cr | Listing at BSE, NSE |
Pragyawan Technologies Ltd. has filed a Draft Red Herring Prospectus (DRHP) with SEBI on June 30, 2026 to raise funds through Initial Public Offer (IPO).
Pragyawan Technologies Ltd. IPO is a Book Build Issue consisting of fresh issue of ₹400.00 crores and an offer for sale (OFS) of upto 1.50 crore equity shares.
The equity shares are proposed to be listed on NSE and BSE. Pantomath Capital Advisors Pvt.Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue. Key details like IPO dates, IPO price bands and lot size are yet to be announced.
Refer to Pragyawan Technologies IPO DRHP for more details.
| IPO Date | [.] |
| Listing Date | [.] |
| Face Value | ₹2 per share |
| Price Band | |
| Lot Size | |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Fresh Issue | [.] shares (agg. up to ₹400 Cr) |
| Offer for Sale | 1,50,00,000 shares of ₹2 (agg. up to ₹[.] Cr) |
| Share Holding Pre Issue | 23,79,73,500 shares |
| Description | Date |
|---|---|
| Filed with SEBI/Exchange | Tue, Jun 30, 2026 |
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Offer |
| NII Shares Offered | Not less than 15% of the Net Offer |
Incorporated in July 2011, Pragyawan Technologies Limited is a diversified solutions provider engaged in skill development, training products, utility solutions, and operations & maintenance (O&M) services across India. The company operates through two key business verticals—Skill Development, offering customized training toolkits, smart classrooms, educational labs, digital learning infrastructure, and IT-enabled services, and Utility Solutions, providing execution and O&M services for power, water, renewable energy, telecom, and allied infrastructure projects.
The company follows an asset-light business model, leveraging contract manufacturing, system integration, procurement, and project execution capabilities to deliver large-scale, specification-driven projects for government and institutional clients. It is one of the largest suppliers of customized toolkits under the Pradhan Mantri Vishwakarma Yojana (PMVY) and has successfully executed projects including over 2,500 smart classrooms, 300+ video studios, 1,600+ mathematics and science laboratories, 500,000+ artisan toolkits, and digitization of more than 70 million public records.
Backed by an experienced management team and a pan-India operational network, Pragyawan Technologies focuses on scalable execution, localized workforce deployment, and customized technology-driven solutions.
As of April 30, 2026, the company employed 121 permanent personnel across project management, operations, supply chain, finance, sales & marketing, legal, compliance, and corporate functions.
Strengths
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 | 12 Dec 0025 |
|---|---|---|---|---|
| Assets | 277.26 | 104.98 | 71.03 | 558.39 |
| Total Income | 360.85 | 212.81 | 67.89 | 779.16 |
| Profit After Tax | 39.88 | 24.07 | 8.84 | 99.09 |
| EBITDA | 57.25 | 31.99 | 11.80 | 136.86 |
| NET Worth | 90.64 | 50.79 | 26.71 | 189.63 |
| Reserves and Surplus | 81.04 | 50.25 | 26.18 | 142.03 |
| Total Borrowing | 37.58 | 0.86 | 64.30 | |
| Amount in ₹ Crore | ||||
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Fujiyama Power Systems Ltd. | Mainboard | ₹828.00 Cr | ₹228 | 40.85 | ₹208.44 | -8.58% | ₹365.15 (-0.42%) |
| Emmvee Photovoltaic Power Ltd. | Mainboard | ₹2,900.00 Cr | ₹217 | 34.9 | ₹219.40 | +1.11% | ₹345.05 (-5.73%) |
| Saatvik Green Energy Ltd. | Mainboard | ₹900.00 Cr | ₹465 | 24.35 | ₹440.70 | -5.23% | ₹466.40 (-0.24%) |
| Mangal Electrical Industries Ltd. | Mainboard | ₹400.00 Cr | ₹561 | 24.31 | ₹535.35 | -4.57% | ₹297.65 (+1.03%) |
| Vikram Solar Ltd. | Mainboard | ₹2,079.37 Cr | ₹332 | 75.16 | ₹356.40 | +7.35% | ₹192.22 (-1.28%) |
| IC Electricals Co.Ltd. | SME | ₹47.91 Cr | ₹99 | 9.42 | ₹174.30 | +76.06% | ₹161.65 (-3.41%) |
| Vivid Electromech Ltd. | SME | ₹130.54 Cr | ₹555 | 19.2 | ₹563.05 | +1.45% | ₹1,276.70 (+0.42%) |
| INDO SMC Ltd. | SME | ₹91.95 Cr | ₹149 | 16.1 | ₹154.80 | +3.89% | ₹375.25 (-1.30%) |
| Sugs Lloyd Ltd. | SME | ₹85.66 Cr | ₹123 | 11.91 | ₹125.85 | +2.32% | ₹138.15 (-4.16%) |
| Parth Electricals & Engineering Ltd. | SME | ₹49.67 Cr | ₹170 | 18.05 | ₹182.70 | +7.47% | ₹422.60 (+4.99%) |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding the working capital requirements of the Company | 304.16 |
| 2 | General corporate purposes | |
| Total | 304.16 |
| KPI | Dec 31, 2025 | Mar 31, 2025 |
|---|---|---|
| ROCE | 56.48% | 46.05% |
| Debt/Equity | 0.34 | 0.41 |
| RoNW | 52.25% | 44.00% |
| PAT Margin | 12.72% | 11.05% |
| EBITDA Margin | 17.61% | 15.93% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 1.68 | |
| Promoter Holding | 98.74% |
Lead Manager Reports
Pragyawan Technologies IPO is a main-board IPO of 0 equity shares of the face value of ₹2 aggregating up to ₹[.] Crores. The issue is priced at To be declared. The minimum order quantity is .
The Pragyawan Technologies IPO open and close dates are not available as of now.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Pragyawan Technologies IPO using UPI as a payment gateway. Zerodha customers can apply in Pragyawan Technologies IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Pragyawan Technologies IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Pragyawan Technologies IPO dates are not announced. Please check back again after some time.
Pragyawan Technologies IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in Pragyawan Technologies IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Pragyawan Technologies IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Pragyawan Technologies IPO allotment status.
The Pragyawan Technologies IPO listing date is not yet announced. The tentative date of listing is .
